Market Info

Forex Major Currencies Outlook (Mar 01, 2017)

USD

The US dollar was off to a weak start in the absence of upgrades in its Q4 GDP reading of 1.9% but soon recovered upon seeing stronger Chicago PMI and Richmond manufacturing index readings. 

AUDUSD Channel Breakout and Pullback (Mar 01, 2017)

AUDUSD recently broke below its ascending channel visible on the 1-hour and 4-hour time frames. 

Forex Major Currencies Outlook (Feb 28, 2017)

USD

The US dollar initially sold off upon seeing mixed durable goods orders results and a sharp drop in pending home sales.

EURGBP Descending Channel (Feb 28, 2017)

EURGBP has been trending lower, moving inside a descending channel connecting the latest highs and lows on the 4-hour time frame.

Forex Major Currencies Outlook (Feb 27, 2017)

USD

The US dollar regained some ground against its peers on Friday as traders booked profits off their short positions earlier in the week.

GBPUSD Short-Term Range (Feb 27, 2017)

GBPUSD sold off sharply last Friday but appears to be finding support at the bottom of its short-term range at the 1.2400 major psychological level.

Forex Major Currencies Outlook (Feb 24, 2017)

USD 

The US dollar chalked up another day of losses as traders are starting to get weary of waiting for Trump's "phenomenal" tax reform announcement.

NZDUSD Short-Term Reversal Signal (Feb 24, 2017)

NZDUSD failed in its last two attempts to break below the .7150 minor psychological level, creating a double bottom formation visible on its 1-hour chart.

Forex Major Currencies Outlook (Feb 23, 2017)

USD

The US dollar was off to a good start but wound up retreating when the FOMC minutes were released.

EURJPY Descending Channel (Feb 23, 2017)

EURJPY is trending lower on its 4-hour chart, moving inside a descending channel connecting the latest highs and lows of price action.